A death, regardless of age, is always a heavy blow. Mostly for an entire family. In addition to the great grief that you have to deal with, there are also organizational things, such as funeral. It is precisely this that can bring a family to their financial limits and serious difficulties in addition to the loss suffered.
The cost of a funeral should not be underestimated. Many people provide life insurance, but not everyone can afford it. Often, a death occurs very early and is therefore completely unexpected. The costs for the bereaved usually include the following items :
- Pick up the deceased at home
- Basic hygienic care for the deceased
- Dress the deceased
- Embedding the deceased
- Transfer to the cemetery.
Depending on the desired design of the coffin, the funeral home alone can raise several thousand dollars.
Add to that the floral decorations for the funeral, the fees for a possibly new grave, fees for the death certificate and much more. All in all, a funeral costs a few thousand dollars. Money that not every family has in cash.
Take a loan for a funeral?
Especially when it comes to burial, the last honor that can be paid to a deceased person, no family wants to save money. As a rule, the coffin should not be the cheapest option, but at least standard. The floral decoration should also create a sophisticated ambience at the funeral, so as to give the mourners a little comfort. Those who do not have the appropriate funds now have the choice of either making a cut or taking out a loan for the funeral. At first, many people shy away from this, but at the second one often realizes that a loan is the best solution.
There are reasons for that. Unlike perhaps a few years ago, the loan seeker no longer falls into the role of a petitioner. He is dependent on the bank’s money at this moment, but on the other hand it is the credit institutions that make a living from the interest and fees of their customers. A credit is therefore a business relationship in which both partners are equal.
Client advisors are trained financial experts who make the best offer to their clients and generally match the loan precisely to them. As a rule, a small loan is sufficient for a funeral loan, which has the advantage that the application and processing are quick and easy. Especially when it comes to a funeral, speed and empathy are required, which most customer advisors also implement accordingly.
How to apply?
Before submitting an application, there should still be time to find out about the conditions at various credit institutions, which maybe a family member can do for whom this matter is not entirely foreign. In order to apply for the loan for the funeral, you will need to bring your identity card and earnings statements, which is usually sufficient for a smaller personal loan.